Posted tagged ‘consent of customer’

The Credit Reporting Agency Bill

February 23, 2010


 The government is planning to table the credit reporting bill for debate and if they get the approval of parliament both lower and upper house; it will be enacted into a law. Below are some facts about this bill. Dear readers, if you have reservation or if you want add anything regarding this bill, please email to  

Purpose of this bill – Seeks to provide for registration and regulations of persons carrying on a credit reporting business that involves the processing of credit information.

 (i.e) currently, 1 of the credit reporting agency in Malaysia – Credit Tip Off Services Sdn. Bhd – accused as giving wrong and inaccurate information about a customer which subsequently  cause the customer to go bankruptcy. (more…)